Consumption Expenditure
The concept describes the important economic principle of consumer expenditure. It explains its major strengths and weaknesses and provides step-by-step implementation advice and case study evidence of the concept in use.
Technique Overview
Consumption Expenditure Definition
Consumption Expenditure is the spending by households on goods and services, excluding new housing. In developed countries it has become the largest component of Gross Domestic Product (GDP) (Arnold, 2008).
Consumption Expenditure Description *
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Business Evidence
Strengths, weaknesses and examples of Consumption Expenditure *
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Business Application
Implementation, success factors and measures of Consumption Expenditure *
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Professional Tools
Consumption Expenditure videos and downloads *
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Further Reading
Consumption Expenditure web and print resources *
Consumption Expenditure references (4 of up to 20) *
- Arnold, R.A., 2008. Economics. Cengage Learning.
- Baumol, W.J., Blinder, A.S., 2010. Macroeconomics: Principles and Policy. Cengage Learning.
- Conway, E., 2009. 50 economics ideas you really need to know. Quercus.
- Evans, M., 2011. U.K. Second Quarter GDP Levels: Summary. Bloomberg, Oct 5. Available at: http://www.bloomberg.com/news/2011-10-05/u-k-second-quarter-gdp-levels-summary-table-.html.
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